Tag: domestic billet Iran
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Iran: Steel billet prices surge as power cuts squeeze supply
Domestic billet tags in Iran inched up as key steel-producing regions faced severe power outages, tightening supply. Liquidity challenges and worsening electricity issues keep the supply outlook weak, while low inventories may drive demand. Billet prices inched up to 320,000 Rial/kg on 19 May, up by 12,500 Rial/kg from 14 May. Rebar tags rose to…